Housing Predictions for 2018

New homes are expected to be a “primary driver of sales in 2018,” as 1.33 million housing starts are predicted next year—up from 1.22 million in 2017, according to Freddie Mac’s September Outlook report, which gauges future real estate activity. Total home sales are expected to increase … [Read more...]

Fall May Be Best Time for Buyers to Move

A slower fall season in home buying may help more lingering home buyers to jump in. Prices are easing somewhat. For the second month in a row, the median price of an existing home dropped. It reached $253,500 in August, after reaching a record high of $263,300 in June, according to the latest data … [Read more...]

Survey: Kids Have Big Say in Home Choice

Your toughest critics may very well be the children of your clients. Their children’s input on a home carries a lot of weight. Nearly two-thirds of all home buyers say their children have input on what type of home they plan to buy, according to newly released data from Bank of America’s … [Read more...]

What ‘Great Bones’ Really Means

“This house has great bones.” As a real estate professional, you’ve heard the phrase countless times. You’ve probably even uttered it more than once. But what do we really mean when we say a house has great bones? It’s a feature that all buyers want, but few can define. Understanding how … [Read more...]

The Impact Immigrants Have on Real Estate

The impact immigrants have on U.S. real estate is growing, as 13 percent of the nation’s population—about 42 million people—hails from foreign countries, according to the National Conference of State Legislatures. “Immigrants are a big driving force for housing markets across the nation,” … [Read more...]

Flooded Homes Can Be Fixed But…

As Hurricane Harvey moves off the coastline of Texas, it's leaving massive flooding in its wake that has destroyed homes and businesses. More Harvey Coverage REALTORS® Promise to Send Help to Texas Tips for Filing an Insurance Claim Harvey Sparks Flood Insurance Disaster Until the floodwaters … [Read more...]

3 Remodeling Mistakes That Hurt Resale Values

“Projects that take a home significantly beyond community norms are often not worth the cost when the owner sells the home,” says Scott Robinson, president of the Appraisal Institute. “If the improvements don’t match what’s standard in a community, they’ll be considered excessive.” … [Read more...]

Living Rooms Are Heading Upstairs

Upper-level living rooms are becoming a sought-after space among homeowners, The Wall Street Journal reports. Homeowners are finding these second-floor lounges can be cozier spaces than living areas on the first floor—and can offer more privacy, too. Upper-level living rooms—sometimes labeled … [Read more...]

HARP Extended Through 2018

The Federal Housing Finance Agency announced that it is extending HARP, a popular government refinancing program, through Dec. 31, 2018. The Home Affordable Refinance Program was to expire on Sept. 30. While the FHFA has once again extended the deadline by another 15 months, this time it plans … [Read more...]

New Program to Help Buyers Bypass Appraisals

Mortgage giant Freddie Mac has announced a new program allowing some home buyers to skip a traditional appraisal, which could lower the fees the buyers pay and speed up the closing process. Freddie’s Automated Collateral Evaluation (or ACE) will determine a property’s collateral risk by culling … [Read more...]